Icahn abandons effort to take control of Oshkosh

Newswire

Dec 4 (Reuters) - Activist investor Carl Icahn on Tuesday abandoned his effort to acquire control of U.S. truck and military vehicle maker Oshkosh Corp after shareholders tendered fewer shares than he had hoped for. Only 22 percent of shares were tendered in his $32.50 per share offer, less than the 25 percent threshold Icahn had sought. Icahn, who remains Oshkosh's largest shareholder with a 9.5 percent stake, had said that many shares would have improved his chances of ...

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